November 28, 2017

Otting sworn in as Comptroller of the Currency

Joseph M. Otting has been sworn into office by Treasury Secretary Steven T. Mnuchin as the 31st Comptroller of the Currency after being confirmed by the Senate on November 16. Otting replaces Acting Comptroller of the Currency Keith A. Noreika, who has been serving since Thomas J. Curry stepped down as Comptroller in May after completing his term. Previously, Otting was an executive in the banking industry.

In a statement, Otting said it was an honor to have been named Comptroller and that he looked forward “to enhancing the value of national bank and federal savings association charters, reducing unnecessary burden, and promoting economic opportunity while maintaining the safety and soundness of the federal banking system.”